Publication: Agricultural Sector Risk Assessment: Methodological Guidance for Practitioners
Date
2016-01
ISSN
Published
2016-01
Author(s)
World Bank
Abstract
In the agricultural sector, risks are
inherent and ubiquitous, posing potentially serious
consequences for stakeholders and consumers. Risks disrupt
supply chains, causing extensive financial and economic
losses. Agricultural risks are also the principal cause of
transient food insecurity, creating a poverty trap for
millions of households across the developing world that
enforces a vicious cycle of shock and recovery. Climate
change is exacerbating this cycle by shifting the frequency
and intensity of weather related risks and increasing
uncertainty. Effective agricultural risk management (ARM) is
crucial to increasing economic growth, improving food
security, and reducing poverty. Although levels of risk vary
within and between countries, lower-income and highly
agriculture-dependent countries are more vulnerable to
agriculture-related risks. In these countries, there is an
urgent need to better assess risks, understand the
interconnections between different types of risk, and
improve agricultural risk management strategies.
Link to Data Set
Citation
“World Bank. 2016. Agricultural Sector Risk Assessment: Methodological Guidance for Practitioners. Agriculture global practice discussion paper,no. 10;. © World Bank, Washington, DC. http://hdl.handle.net/10986/23778 License: CC BY 3.0 IGO.”